NewsBTC •
February 21, 2026 at 11:00 •
Analysis
The middle of January marked the continuation of an already struggling price action for Bitcoin, as it took on another sharp downtrend. Early into February, the flagship cryptocurrency seemed to be on a free-fall, even breaching important psychological price levels as it crashed. One of these levels is the cost basis of one of Bitcoin’s most influential investor cohorts – the Bitcoin ETF investors. Data from a recent on-chain evaluation reveals that Bitcoin has since traded underneath this price, and has continued to meet investors with growing heat. Related Reading: Bithumb $43 Billion Bitcoin Blunder Triggers Political Backlash In South Korea MVRV Falls Below 1 — What This Means Market analyst PelinayPA has recently taken to QuickTake to reveal that the Bitcoin p...
